1 / 8

Unit 4 Microeconomics: Business and Labor Chapters 8.4

Unit 4 Microeconomics: Business and Labor Chapters 8.4. Economics Mr. Biggs. Other Organizations. Business Franchises

shlomo
Télécharger la présentation

Unit 4 Microeconomics: Business and Labor Chapters 8.4

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Unit 4 Microeconomics: Business and Labor Chapters 8.4 Economics Mr. Biggs

  2. Other Organizations Business Franchises Business franchise - Asemi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area. For example, McDonald’s, 7-Eleven, Subway, Denny’s, etc. Advantages of Franchises Franchises provide training and support, standardized quality, national advertising, financial assistance and centralized buying power.

  3. Disadvantages of Franchises • Disadvantages of a franchises: • High franchising fees and royalties • Royalties - Share of earnings given as payment. • Strict operating standards • Purchasing restrictions (from suppliers) • Limited product line • Cooperative Organizations • Cooperative or co-op - Abusiness organization owned and operated by a group of individuals to obtain lower prices for their members. • Co-ops fall into three categories: • Consumer or purchasing • Service • Producer

  4. Consumer Cooperatives Consumer cooperative - A retail outlet owned and operated by consumers. Members get goods at reduced prices, but may require membership fees. For example, Costco. Service Cooperatives A service cooperative provides a service rather than good. For example, legal services or banking.

  5. Producer Cooperative Producer cooperative - An agricultural marketing cooperative that helps member sell their farm goods. This allows the farmers to focus on growing their crops. Nonprofit Organizations Nonprofit organizations - Institutions that function much like a business, but do not operate for the purpose of generating a profit. They are exempt from paying taxes and almost always provide a service. For example, museums, the Red Cross, GIA, and churches.

  6. Professional Organizations Professional organizations - Nonprofits that work to improve the image, skill and working conditions of various occupations. For example, the National Education Association (NEA). Business Associations Business associations - Nonprofits that promote the business interests for a geographical area. For example, the Better Business Bureau BBB.

  7. Trade Associations Trade associations - Nonprofits that promote the interests of a particular industry. Labor Unions Labor Unions - Organized group of workers who protect worker rights, improve wages, conditions, and benefits. For example, the San Diego Education Association.

  8. The End

More Related